A new report by BlackRock has identified workplace savings programmes as a crucial factor in improving retirement readiness and supporting long-term economic growth in the UAE.
The findings, published in the Read on Retirement: GCC 2026 report and unveiled during a press conference in Dubai, suggest that strengthening retirement and long-term savings systems could help improve individuals’ financial security while channelling domestic savings into productive investments that support capital markets and economic diversification.
According to the report, 93 percent of UAE nationals and 91 percent of expatriates consider defined contribution savings programmes attractive, while 90 percent of nationals and 86 percent of expatriates expressed willingness to participate in such schemes.
The study highlighted strong demand for workplace retirement and savings solutions, noting that these programmes can help individuals better prepare financially for the future and turn saving intentions into meaningful long-term outcomes.
The report also emphasised the potential economic benefits of strengthening retirement systems, stating that larger pools of domestic savings could enhance the depth and liquidity of UAE capital markets while supporting sustainable investment and economic diversification.
Kashif Riaz said the findings demonstrate a high level of awareness among workers in the UAE regarding future financial planning.
“The data points to a retirement knowledge gap rather than a gap in commitment or willingness to save,” he said, adding that professionally managed workplace savings programmes could improve financial outcomes for individuals while supporting broader economic growth.
Meanwhile, Lamiaa Chaabi said the survey examined attitudes towards retirement planning, financial security, and saving and investment habits among UAE citizens and residents.
She noted that while many individuals are already saving and are motivated to strengthen their future financial position, they often require additional guidance and support to understand the most effective strategies for achieving retirement goals.
Chaabi said the study revealed strong similarities between nationals and expatriates in their approach to financial planning, with both groups seeking greater certainty about their long-term financial future.
The report found that individuals who supplement pensions or end-of-service benefits with additional savings and investment plans generally feel more prepared for retirement.
It also highlighted the importance of fostering a culture of saving and investing from an early age, stressing that saving alone may not be sufficient to achieve long-term financial security without appropriate investment strategies that enable wealth growth over time.
According to the findings, a significant portion of household savings in the UAE remains concentrated in traditional assets, with 49 percent held in cash, 40 percent in gold, and 18 percent in real estate.
The study further revealed that 56 percent of respondents intend to increase their retirement savings in the coming years, indicating growing awareness of the importance of long-term financial planning.
BlackRock said stronger collaboration between individuals, employers, regulators, and policymakers will be essential in building a more effective retirement and savings ecosystem that supports both employee financial wellbeing and national economic development.
